Coinbase and BiT Global Settle Lawsuit Over WBTC Delisting
Coinbase and BiT Global have settled their dispute regarding the delisting of BiT Global’s wrapped bitcoin (wBTC) on Coinbase. Key points include:
- BiT Global has agreed to dismiss its lawsuit against Coinbase with prejudice, preventing future claims.
- Each party will bear its own legal expenses.
- The lawsuit was initiated after Coinbase cited "unacceptable risk" related to Justin Sun's involvement with wBTC.
- Coinbase launched its competing asset, cbBTC, two months prior to the delisting announcement.
- The dismissal does not reveal further settlement terms.